Immunity Gone! Tahoe Lakefront Foreclosures / REO’s

It’s true but sounds worse than it actually is. Tahoe has only had two lakefronts go into foreclosure. The first was in 2009 – it ended up getting underpriced which resulted in roughly 21 offers and a sold price of $3.15m which was almost $1,000,000 over asking price. There are, however, three lakefront short sales on the market now.